Net purchases is P170,000; Increase in inventory during the year is P40,000. How much is the cost of goods sold? choices: P170,000 P130,000 210,000 P210,000
Q: Daily demand for a product is 50 units, with a standard deviation of 35 units. The review period is…
A: Lead time is total time incurred from the beginning of the process till its ending. In short, it is…
Q: Suppose you are the assistant controller for a retail establishment that is an independent…
A: The difference between a periodic inventory system and a perpetual inventory system is that a…
Q: 1. Weekly demand for smartphones at an Apple store is nor- mally distributed, with a mean of 500 and…
A: The approach of storing, sourcing, selling the inventory is known as inventory management. Inventory…
Q: For the fixed order quantity system if the mean daily demand is 30 with the standard deviation of 3,…
A: The reorder point (ROP) is the degree of stock that triggers an activity to renew that specific…
Q: An electronics manufacturer has 25 days-of-supply of inventory for a particular cellphone model.…
A: Inventory turns helps to indicate the demand for the organization's items. If stock turns high, it…
Q: a) Air cargo which takes 7 days and delivery cost is $ 52 per units b) Ocean freight which takes 35…
A: THE ANSWER IS AS BELOW:
Q: A food processor uses approximately 27,000 glass jars a month for its fruit juice products. Because…
A: Hello thank you for the question. As per guidelines, we would provide only first three sub-parts at…
Q: A company is planning to purchase 90,800 units of a particular item in the year ahead. The item is…
A: From the details given in the question, Cost for 30 orders = $5910 Cost per order with an inflation…
Q: Titan fitness makes barbells for crossfitters and wants to determine its break-even point. The total…
A: The break-even point can be stated as the point at which the total capital and total gain or revenue…
Q: The shop sells 5,000 hats. If holding cost is 3$ and cost to place an order is 4. What will be…
A: The formula of calculating the Economic Order Quantity is
Q: A laundry soap is produced in a production line that has annual capacity of 120,000 cases. The…
A: Production to the process of converting raw materials to finished products. It includes a number of…
Q: ABC Corporation resells one type of candle. It has 250 working days. Each day, it sells an average…
A: 9). The average number of boxes (if we ignore the safety stock) is simply the EOQ divided by 2…
Q: Red Corporation uses the reorder point model to plan its purchases. It sells its sole product at the…
A: The re-order point is the point at which the company needs to re-fill the inventory stock to avoid…
Q: The annual demand for a product is 16,800 units. The weekly demand is 323 units, with a standard…
A: Given- Annual demand (D) = 16,800 units Weekly demand (d) = 323 units Standard deviation (σd) = 95…
Q: The local supermarket buys lettuce each day to ensure really fresh produce. Each morning any lettuce…
A: Given information:Price of lettuce (P) = $11 per boxSelling Price of lettuce (SP) = $25 per…
Q: How much Order Fulfillment Department cost should be allocated to the Commercial Division at the end…
A: Fixed cost is the cost that does not change with the change in the production process of an…
Q: Based on inventory management context, describe the suitable situation to use the ‘Economic Order…
A: Economic Order Quantity The best order amount for a corporation to acquire in order to reduce…
Q: Daily demand for a product is 120 units, with a standard deviation of 30 units. The review period is…
A: Formula:
Q: For the implementation of "Level" strategy, the average demand (in units/day) over the six- month…
A: With the above-given table, the monthly production has to be computed first. Thereafter the average…
Q: ) What is the optimal order quantity and the minimum annual cost for Bell Computers to order,…
A: EOQ stands for economic order quantity. It is a company's optimal order quantity that undervalues…
Q: Calculate EOQ if unit cost is $70 and $68. (Note: These EOQs do not need to be feasible in…
A: EOQ is the technique to order the optimal quantity so that total costs are minimized.
Q: If inventory turnover decreases , what will happen to the cash conversion cycle ? Assume other…
A: Inventory turnover is a financial ratio showing how many times a company has sold and replaced…
Q: If January’s ending inventory is negative 300 or -300, with the cost information shown below, select…
A: Here, we could see that the ending inventory of the January month, this value is negative or this…
Q: A car manufacturer has holding costs of 37%. One of the items needed in the factory is door handles.…
A: Economic order quantity helps companies to save cost. However, at times discounts are given by…
Q: The Melon Enterprise used to sell 175 bottles of 500ml vegetable cooking oil per month. The unit…
A: Annual Demand (D) = Per month Demand×Number of months=175×12=2100 units Unit cost (C) = RM 2.50…
Q: Demand for your product averages 20 units per day, with a standard deviation of 4. Your lead time is…
A: Given - Average demand for the product = 20 units per day Standard deviation = 4 Lead time = 5 days…
Q: Annual demand for a product is 13,000 units; weekly demand is 250 units with a standard deviation of…
A: Annual demand (D) = 13,000 units Weekly demand (d) = 250 units Standard deviation (S) = 40 units…
Q: The annual demand for a product is 15,600 units. The weekly demand is 300 units with a standard…
A: Given Information: Annual Demand = 15,600 units Weekly Demand = 300 units Standard Deviation = 90…
Q: If the units produced equals the units sold, which method would you expect to show the highernet…
A: If units produced is equal to units sold operating income under both the methods that is variable…
Q: Glorious Gadgets is a retailer of astronomy equipment. They purchase equipment from a supplier and…
A: Here the given function is: The function C(x)=1.5x+12500x-1+ 5000 x = lot size
Q: Grey Wolf Lodge is a popular 500-room hotel in the North Woods. Managers need to keep close tabson…
A: Daily demand (d) = 275 bars Ordering cost (Co) = $10 Holding cost (H) = $0.30 Lead time (L) = 5 days…
Q: Grand Styles Furniture Store is overstocked in (has excess inventory of) one type of chair, Based on…
A: When inventory levels exceed expected demand, it is commonly referred to as having "excess stock" in…
Q: I run a clinic. I vaccinated 100 people yesterday. The maximum number of people I could ever do is…
A: 1. Number of people Vaccinated Yesterday or Actual Output= 100 Maximum number of people that can be…
Q: MAY I ASK FOR THE SOLUTIONS AND ANSWERS OF NO. 12 to 17 (kindly refer to the table and the problem…
A: First we shall calculate EOQ as follow: Annual demand(A)=500boxes*250=125,000 boxes Cost per…
Q: Inventory tracking is concerend both ith the quantity and the location of the goods in inventory.…
A: Inventory tracking is concerned both with the quantity and the location of the goods in inventory
Q: A firm has P5,000,000 of inventory on average and annual sales of P30,000,000. Assume there are 365…
A: Inventory is the raw materials and resources that help the business to manufacture the finished…
Q: Define the term "inventory turn" and discuss why it is an important indicator of an organization’s…
A: "Inventory Turn" is the rate at which a company recoups its inventory in a given period usually in a…
Q: The economic order quantity of NEKO Inc. is 1,000 unit. They sold their sole product for a selling…
A: Cost of ordering 1000 units = 20000 Cost of ordering 1 unit, S = 20000/1000 = 20 EOQ =…
Q: The following lots of a particular commodity were available for sale during the year Beginning…
A: Given - Beginning inventory 7 units at $49.00 First purchase 18 units at $54.00 Second…
Q: You are the manager of a retail store that sells home theater systems among other products. The…
A: Hi, we are supposed to answer 3 sub parts at a time. Since you have not mentioned which subpart to…
Q: Demand for an item is 2,750 units per year. Each order placed costs $10; the annual cost to carry…
A: Given information:Annual demand (D) = 2,750 units per yearOrder cost (S) = $10 per orderCarrying…
Q: A boat manufacturer requires 14 outboard engines per day in its assembly operations. No shortages…
A: Demand rate, d = 14 per day Production rate, p = 100 per day Setup cost, k = $ 2500 Holding cost, h…
Q: A company plans to consume 700 pieces annually of a particular component. Past records indicate that…
A: The Storage expenses/year is already given by $7,500.
Q: The Melon Enterprise used to sell 175 bottles of 500ml vegetable cooking oil per month. The unit…
A: Annual Demand = D = 175 bottles x 12 = 2,100 bottles Unit Cost = RM2.50 Ordering Cost = O = RM12.00…
Q: Daily demand for a product is 100 units, with a standard deviation of 25 units. The review period is…
A: Optimum order quantity in fixed-time period model is calculated by using the formula shown below:
Q: Lead time for one of your fastest-moving products is 21 days. Demand during this period averages 100…
A: The Re-order point is the point that triggers to order the required quantity. It is generally the…
Q: 19. What would the average number of boxes be if the safety stock from Part A was kept and the EOQ…
A: Below is the solution:-
Q: Brenda opened a pool and spa store in a lively shopping mall and finds business to be booming but…
A: Given, Demand d = 10 boxes per week Order cost S = $36 Cost = $72 Holding cost H = 25% of cost = $18…
Q: A firm cost of good sold averages P2,000,000 per month, and it keeps an inventory equal to 50% of…
A: NOTE: WE ARE ALLOWED TO DO ONE QUESTION ONLY AT A TIME. COGS= P2,000,000 INVENTORY= 50% OF…
Q: d) The warehouse has doubled the rent starting next month. How will this (by itself) impact the…
A: Economic order quantity refers to the ideal amount of inventory that a company must order for…
Net purchases is P170,000; Increase in inventory during the year is P40,000. How much is the cost of goods sold?
choices:
P170,000
P130,000
210,000
P210,000
Step by step
Solved in 2 steps
- March sales are $100,000 and cost of goods sold is $65,000. What is the entry to Finished Goods Inventory? $65,000 debit $65,000 credit $35,000 debit $100,000 creditk of PDF : https://docdro.id/psUSO2n https://docdro.id/KV8USNQ question : 1/ According to Weele, the items that we measure determines the role of the purchasing function. List these roles, and show the mapping. 2/ According to Simpson and et.al, why should we measure the performance of our suppliers? 3/ According to Simpson and et. al, what are the characteristics of our suppliers should we measure? List these down in terms of evaluative criteria and its details.The management of two different-sized sachets of maize meal—5 kg and 3 kg—is entrusted to you. The larger sachet is priced at R45 and the smaller one is R30, according to Shoprite your primary supplier. Currently, the promotion for the smaller packet says, "Buy ONE get the second HALF PRICE!" Propose which size of Sugar currently gives you the best value for money.what is the annual demand of Maize Meal = 750 units (bigger size), Delivered purchase cost = R35/units, Annual carrying cost percentage= 25 percent, Order cost = R50/order. The lead time is 10 working days. Assuming 20 working days per month. Determine the Economic Order QuantityDetermine the reorder pointDetermine the average inventorySuppose orders are placed only at review time. what is the optimal period and the optimal order quantity.
- What is inventory risk and provide an example of it.Q4) ABC costing helps the organization decreases costs associated with good decisions and keep pace with technological changes. Select one: True False***** The company Marombeiro is a commercial representative of a food supplement widely consumed in gyms. The average daily demand for the product is 1,500 units and a standard deviation of 300 units. Average shipping time is 5 days. Of course, if the order is placed at the end of the week, it may take a little longer to receive the shipment, so the standard deviation of the delivery time is 2 days. The unit has a value of R$ 50.00 per unit in stock, an order cost of R$ 50.00 and an annual maintenance fee of 20%. Suppose Company Marombeiro wants to change the service to 99%. How many days of safety stock the company will have. ( )5.12 days ( )5.67 days ( )5.33 days ( )4.77 days
- Find arc elasticity of demand, if quantity demanded falls from 1000 to 950 when price of the item is increased from Rs. 240 to Rs. 280? A) 0.33 B) 0.3 C) -0.3 D) -0.33A firm cost of good sold averages P2,000,000 per month, and it keeps an inventory equal to 50% of its monthly cost of good sold on hand at all times. Using a 365 -day year, what is its inventory conversion period? Standford Packing had sales of P3.2 million and a gross profit margin of 35% last year. If Standford inventory averaged P0.4 million last year, What was the length of the average age of inventory?Perform an ABC analysis on the following set of products. Item Annual Demand Unit Cost A211 800 $9 B390 100 $90 C003 450 $6 D100 400 $100 E707 85 $2,000 F660 250 $320 G473 500 $75 H921 100 $75 Answer: Item Annual Demand Unit Cost Volume Cumulative volume Cumulative percent Total =
- Q: The manager of your company told you to go out to the warehouse and count merchandise inventory. He said that owner is coming for a meeting next week and the manager wanted to put on a good show. He asked you to make the inventory higher by counting the first and last row twice. The higher ending inventory will result in higher net profit. What should you do?customers. Do this in your notebook. and customers. Do this in Situation: a substantial number of customersS who will claim remittance through him and will buy his sari-sari store afterwards. Value Proposition: Unique Selling Proposition:If the units produced equals the units sold, which method would you expect to show the highernet operating income, variable costing or absorption costing? Why?